Lloyds, RBS sink after BoE doubles capital buffer

Tuesday, 17. December 2019 12:03

Shares of British lenders Lloyds Banking Group and Royal Bank of Scotland (RBS) dropped during trade on Tuesday on the London Stock exchange despite both banks passing the Bank of England's stress tests.

The central bank announced it's raising the capital buffer for major lenders in the country from 1% to 2% in a move designed to reduce uncertainty if economic conditions deteriorate.

Shares of Lloyds tumbled 4.97% at 11:50 am CET, while RBS was down 4.20%.

Related Links: NatWest GroupLloyds Banking Group plc
Author:
Breaking the News / JC